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Question: Do you agree with idea "Bitcoin bank" ?
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I don't know/I'm not sure yet
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Author Topic: Do you agree with idea "Bitcoin bank" ?  (Read 139180 times)
chairul.muttaqin
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December 24, 2016, 11:35:36 AM
 #821

I don't agree with the idea of bitcoin bank, it would be also anonymous since government is not controlling it. I don't want to trust my coins with them, there is a possibility that will steal it just like of HYIP programs. It is enough for me that I'm the only one have the full control of my bitcoins.
of course, would be too risky save in bitcoin bank. let alone those third parties that are on the internet and of course they could go away at any time and take all your money. unless bitcoin bank is present and created by the government

No mate, if there is will create a bitcoin bank it will be a fungible bank. So maybe the security will more good than before and you will more believe with that. But i think we didn't use a bitcoin bank because we can use bitcoin wallet by free and full of own control.

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December 24, 2016, 11:41:26 AM
 #822

I think if there bitcoin bank it is a good progress and for what we reject development if it was good bitcoin

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December 24, 2016, 01:10:52 PM
 #823

At the moment makes no sense to we let our bitcoin into a bank, even if they will provide a better result, instead the usually 5% year they offer 10-15% but for such rates they need to generate those interest. I dont like the fact to one bank be able to control mine bitcoins, something banks does with fiat already, besides those, imagine a bank frozen the funds alleging some new regulamentation.


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December 24, 2016, 02:17:03 PM
 #824

Indeed, if you are just keeping your bitcoins in a paper wallet which you created offline, you may well claim you are at all times the sole owner of all your coins. On the other hand, as to me, that wouldn't be very wise overall unless of course you belong to a group of truly early adopters who got thousands of bitcoins basically for nothing. Otherwise, you may want to sell a little bit here and a little bit there whenever the price goes up another hundred dollars and buy back what you sold when a correction starts (or ends, which would be better). But this is obviously impossible if you set yourself to strictly follow the rule of being the "sole owner of all your coins at all times"

I do cash out profits from time to time, but I have different kinds of wallets for that. My stash structure is a bit as follow

But how does it cut as being the "sole owner of all my coins at all times"

Please note that you are talking about all your coins and at all times at that. Though it is clear from your explanation that this is absolutely not the case. Further, you say that you send some of your coins to your exchange account and withdraw them immediately so that not a single satoshi stays in the exchange. But what is the sense of sending your coins there just to withdraw them after they hit your exchange account? If you mean to say that you sell your coins there for fiat, then wait an indefinite amount of time till you can buy them back and only after that you withdraw them, I guess it pretty much means that your coins (even if they are there as fiat) are kept by the third party (i.e. exchange) all that time

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December 24, 2016, 02:23:03 PM
 #825

I agree,but i think it is fancy
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December 24, 2016, 02:23:33 PM
 #826

I think if there bitcoin bank it is a good progress and for what we reject development if it was good bitcoin

Indeed it is good progress, but did you know that if there's a bitcoin bank then all things that we can feel right now it can be a little different from the previous one..?? . As I see that the Bank is something that certainly will be looking for the advantage of all the things they can give or do, so every thing we do in the Bank then everything will be so make us a little trouble to overwhelm our money freely. But it's all too dependent on technology a bitcoin bank where I have confidence it will be better


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kreskko
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December 24, 2016, 02:36:54 PM
 #827

I think if there bitcoin bank it is a good progress and for what we reject development if it was good bitcoin

Indeed it is good progress, but did you know that if there's a bitcoin bank then all things that we can feel right now it can be a little different from the previous one..?? . As I see that the Bank is something that certainly will be looking for the advantage of all the things they can give or do, so every thing we do in the Bank then everything will be so make us a little trouble to overwhelm our money freely. But it's all too dependent on technology a bitcoin bank where I have confidence it will be better
And there will be a central bank so most bitcoin as other banks now. Perhaps nothing will change and people will change one evil to another is the same.
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December 24, 2016, 02:50:31 PM
 #828

i think bitcoin do not need any bank because bitcoin has  now very much stable technology and i think people also like the bitcoin online technology and i think bitcoin transaction fees is very much lower than bank.

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December 24, 2016, 02:56:31 PM
 #829

yes...i agree not  only via online via bank also the good..   
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December 24, 2016, 04:42:01 PM
 #830

yes...i agree not  only via online via bank also the good..   
If you already begin to conduct transactions through the bank, everything will be under control. Then neither of which anonymity can be no question.
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December 24, 2016, 05:01:24 PM
 #831

i think bitcoin do not need any bank because bitcoin has  now very much stable technology and i think people also like the bitcoin online technology and i think bitcoin transaction fees is very much lower than bank.

Exactly, why would people go to banks for doing any bitcoin transaction if they can easily do it at home and if they already have their money safe in their computers then why would they like to involve any third party to make them safe for them?
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December 24, 2016, 05:10:32 PM
 #832

i think bitcoin do not need any bank because bitcoin has  now very much stable technology and i think people also like the bitcoin online technology and i think bitcoin transaction fees is very much lower than bank.

Exactly, why would people go to banks for doing any bitcoin transaction if they can easily do it at home and if they already have their money safe in their computers then why would they like to involve any third party to make them safe for them?
If there is already someone wants to create bitcoin bank, has openly want to begin to control not cost bitkoyn.bez registration. Even in the state structure must be registered and display their legitimate activities.
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December 24, 2016, 05:41:09 PM
 #833

i think bitcoin do not need any bank because bitcoin has  now very much stable technology and i think people also like the bitcoin online technology and i think bitcoin transaction fees is very much lower than bank.

Exactly, why would people go to banks for doing any bitcoin transaction if they can easily do it at home and if they already have their money safe in their computers then why would they like to involve any third party to make them safe for them?

How many transactions do you make daily?

I guess not many (if any at all) since otherwise you would have known that with Bitcoin price rising, the transaction fees are also rising proportionately in dollar terms. Bitcoin banks just like web wallets would most likely pay the fees for you. This is one of the reasons why people would go to Bitcoin banks for making transactions. Further, not many people are tech-savvy overall, and that's another reason why they trust other people to handle the safety issues for them. In fact, such and similar questions have already been asked and answered numerous times in this thread alone, and I think you know the answers yourself as well as anyone else. So what the hell are you repeating them?

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December 24, 2016, 06:16:16 PM
 #834

Well, who can tell the real benefits bitcoin bank? I like these do not see at all. I do not think that bitcoin users themselves hard to cope with their wallets and financial transactions.
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December 24, 2016, 06:24:58 PM
 #835

i think bitcoin do not need any bank because bitcoin has  now very much stable technology and i think people also like the bitcoin online technology and i think bitcoin transaction fees is very much lower than bank.

Exactly, why would people go to banks for doing any bitcoin transaction if they can easily do it at home and if they already have their money safe in their computers then why would they like to involve any third party to make them safe for them?
Because they don't know how to do make their own bitcoin wallet secure. People have trusted the government banks ever since and they will think that bitcoin banks are basically government banks but just have bitcoins as currency without knowing that bitcoin is actually meant to contradict the idea of having a centralized banks. There's totally no point in opening an account a bitcoin bank account unless you're too dumb to learn all these basic things that you should've known at the first day that you were learning bitcoins.


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December 24, 2016, 07:12:29 PM
 #836

Bitcoin Bank the idea is good, but this plan will not work out. If you want work out, this idea means the first thing you need that your government will accept Bitcoin as a legal currency. First, solve this problem after words we can discuss Bitcoin Bank. Till that, this is a unnesssory discussion.  

Yes. But convincing a government to accept bitcoin will be really hard as most of them thinks bitcoin as a threat because it can increase the number of illegal activities.

At the moment makes no sense to we let our bitcoin into a bank, even if they will provide a better result, instead the usually 5% year they offer 10-15% but for such rates they need to generate those interest. I dont like the fact to one bank be able to control mine bitcoins, something banks does with fiat already, besides those, imagine a bank frozen the funds alleging some new regulamentation.

Yes and in the first place it doesn't makes sense that bitcoin which is decentralized will be controlled by bank or even government. There are many things that desn't fit when a bitcoin bank has established like what you said that it will offer more regulation rules and it will be not anonymous anymore, More fees will come.

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December 24, 2016, 07:14:56 PM
 #837

Bitcoin wallets already serves as a bitcoin banks where you can deposits and save you bitcoins. If they creates banks for saving bitcoins no one can be sure if it is safe from hackers. When someone wallets is hacked, only his bitcoin will be taken but if a bitcoin bank is hacked, all bitcoins that deposited in that bank might be gone.
hackers are present everywhere, they take your bitcoins from banks they can also take it from wallet by hacking your key, and they can even hack a whole exchange and can take the money of so many people, as we can see that bitfinex was hacked in previous days and they take a large amount of bitcoin form them.
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December 24, 2016, 07:32:56 PM
 #838

Bitcoin wallets already serves as a bitcoin banks where you can deposits and save you bitcoins. If they creates banks for saving bitcoins no one can be sure if it is safe from hackers. When someone wallets is hacked, only his bitcoin will be taken but if a bitcoin bank is hacked, all bitcoins that deposited in that bank might be gone.
hackers are present everywhere, they take your bitcoins from banks they can also take it from wallet by hacking your key, and they can even hack a whole exchange and can take the money of so many people, as we can see that bitfinex was hacked in previous days and they take a large amount of bitcoin form them.

If such a bank would be using a multisig key for handling wallets, that would be far more difficult to accomplish. But even in this case the bitcoins held in the bank could be stolen. This is how Bitcoin works since its transactions can't be reversed. Some call it a good feature, but I think it would be better to add a special flag to a transaction which would make it reversible for a certain period of time. This doesn't mean that all transactions should be made reversible by default...

I specifically point this out for those who are replying before they come to understand what is actually being suggested

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December 24, 2016, 08:11:30 PM
 #839

i think bitcoin do not need any bank because bitcoin has  now very much stable technology and i think people also like the bitcoin online technology and i think bitcoin transaction fees is very much lower than bank.

Exactly, why would people go to banks for doing any bitcoin transaction if they can easily do it at home and if they already have their money safe in their computers then why would they like to involve any third party to make them safe for them?
Because they don't know how to do make their own bitcoin wallet secure. People have trusted the government banks ever since and they will think that bitcoin banks are basically government banks but just have bitcoins as currency without knowing that bitcoin is actually meant to contradict the idea of having a centralized banks. There's totally no point in opening an account a bitcoin bank account unless you're too dumb to learn all these basic things that you should've known at the first day that you were learning bitcoins.
If bitcoin wallet can completely fulfill all the requirements and needs of users and conditions fully comply with these requirements, the Bank has to offer? If all payment systems operating in the online without the help of banks why the bank for bitcoin.
vasrasus
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December 25, 2016, 02:37:33 AM
 #840

i think bitcoin do not need any bank because bitcoin has  now very much stable technology and i think people also like the bitcoin online technology and i think bitcoin transaction fees is very much lower than bank.

Exactly, for me bitcoin wallets is a bank itself , the apps developed for this currency have lots of activities that can help us to monitor, controlled and earn it more. The security of it is more satisfying than bank.

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